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(a) Your answer is correct. Fill in the missing amounts. Tamarisk, Inc. Pina Colada Corp Sales revenue $ 98,000 119.800 5.800 Sales returns and allowances
(a) Your answer is correct. Fill in the missing amounts. Tamarisk, Inc. Pina Colada Corp Sales revenue $ 98,000 119.800 5.800 Sales returns and allowances 6.000 Net sales 92.000 114000 64.400 77.520 Cost of goods sold Gross profit 27.600 36.480 16.560 Operating expenses 20520 11040 Net Income 15.960 e Textbook and Media Attempts: 1 of 3 used 6,000 5,800 Sales returns and allowances 92.000 114,000 Net sales 77.520 i 64.400 Cost of goods sold 27.600 36,480 Gross profit 16,560 20520 Operating expenses 15.960 Net income 11.040 eTextbook and Media Attempts: 1 of 3 used (b) Calculate the profit margin and the gross profit rate for each company. (Round answers to decimal places, (s. 15%) Tamarisk, Inc. Pina Colada Corp Profit margin Gross proftrate Tautharland Media
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